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Financial Statement Analysis

Analyzing Financial Statement of NIFTY companies

( TATA MOTORS and VSNL)

Understanding Financial Statement of NIFTY companies

Company Name: VSNL
Team Name: Vipul Jain & Nilesh Jain
Year
2002-03 2003-04 2004-05 2005-06 2006-07
Profit and Loss a/c items

Income
Net turnover 4538.54 3163.543 4041.83
Other incomes 273.9746 207.5247 212.18
Total Income 4812.5146 3371.0677 0 0 4254.01
Expenditure
Financial charges 157.157 69.618 422.1
Other expenditure 3397.87 2657.534 3119.28
Total Expenditure 3555.027 3541.38
Profit Before Tax 1257.4876 3371.0677 0 0 712.63
Total tax provided 474.32 244.07
Profit After Tax 783.1676 3371.0677 0 0 468.56
Profit carried to balance sheet 505.31 700.489 1742.91

Balance Sheet Items

Sources
Share Capital - paid-up 285 285 285
Total Reserves and Surplus 4760.1 4181.687 4331.59
Profit brought forward from P&L a/c 505.31 700.489 0 0 1742.91
Preference shares 0 0
Net worth 5550.41 5167.176 0 0 6359.5

Secured loans 354 0 0
Unsecured loans 0 63 197.61
Total Debt 354 63 0 0 197.61
Other sources
Total Sources 5904.41 5230.176 0 0 6557.11

Uses / Applications
Total Fixed Assets 3404.46 2565.17 4582.98
Accumulated Depreciation 1015.19 590.806 1428.81
Net Fixed Assets 2389.27 1974.364 0 0 3154.17
Capital work-in-progress 0 340.44
Investments 655.86 2089.144 2673.58
Cash 2358.58 1046.711 104.31
Other current assets 2137.506 1652.967 2212.41
Total Current Assets 4496.086 2699.678 0 0 2316.72
Total current liabilities 1636.52 1533.011 1927.8
Net current assets 2859.566 1166.667 0 0 388.92
Total Uses / Applications 5904.696 5230.175 0 0 6557.11

Cash Flow Statement

Opening Cash 2534 2358 1047 1238 385
Cash flow from financing activities -583 -627...